Saturday, October 8, 2016

Today's Top Three Luxury Estates in San Diego, Los Angeles, San Francisco 
and Seattle Listed For Sale

                                           .                          
                                      
                                   "A mansion is a large and stately dwelling"
The word mansion derives through Old French from the Latin word mansio "dwelling", an abstract noun derived from the verb manere "to dwell". The English word "manse" originally defined a property large enough for the parish priest to maintain himself, but a mansion is no longer self-sustaining in this way.  'Manor' comes from the same root—territorial holdings granted to a lord who would remain there—hence it is easy to see how the word 'Mansion' came to have its meaning.  Windsor Castle located in Berkshire, England is the largest mansion in the world with around 484,000 sq.ft 



Today's Top Three Mansions



An extraordinary expression of boundless creativity, passion and a master's touch of timeless style. Gracefully set on the legendary grounds of the former Mon Reve Estate with more than 470' of frontage on Carolwood Drive - one of the most prestigious addresses in the world, home to Hollywood royalty for decades. Immersed in nature, the magnificent setting includes a private hiking trail studded w/ light trees. Multiple guest structures rival any 5-star accommodation in Beverly Hills. Club Mon Reve features a lounge, wine room and theater complex w/ a separate valet entrance. Parking for 50 cars inside the property plus a 10 car garage. The spa level boasts a dramatic indoor water wall spilling into a lap pool, salon, pedicure/manicure, steam and massage rooms. Master suite with 5,300 sq.ft, including a private heated covered patio and every luxury you would expect from the absolute finest estate offered in the world today.  





Image result for 301 n carolwood dr, los angeles, ca 90077 interior photos



#2          "The Manor",   594 S Mapleton, LA-Holmby Hills, CA with 14 bedrooms, 27 baths, and 56,500 sq.ft. is newly renovated and back on the market for $200,000,000.
the-manor-594-s-mapleton-dr-holmby-hills-ca-90024

“The Manor” located is now owned by Petra Stunt (Ecclestone), the daughter of billionaire Bernie Ecclestone is back on the markwt.  Petra purchased the home from Candy Spelling in 2010.  She then completely remodeled it; giving a fresh new and modern look. In 2014, she quietly put it on the market for $150 million, but didn’t find any buyers.The 123-room home is located in the exclusive Holmby Hills neighborhood and was built by the late media mogul Aaron Spelling. It features a  2-story foyer with grand double staircase, formal living and dining rooms, gourmet kitchen with 3 islands, library, salon and spa, home theater, billiards room, bowling alley, gym, 17,000 square foot attic, garage and much more. Outdoor features include a gated entrance, motor court with fountain, loggias and terraces, swimming pool with spa and more.





Image result for The Manor Remodel

Image result for Petra Ecclestone Spelling Mansion

Image result for The Manor Remodel

Image result for Petra Ecclestone Spelling Mansion

Image result for The Manor Remodel

Image result for The Manor Remodel

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Image result for The Manor Remodel

 


#3       3006 Sandy Lane, Del Mar, CA 92014 with 6 bedrooms, 7 baths, and 3,950 sq.ft. is listed for sale at $15,995,000.

3006 Sandy Ln, Del Mar, CA 92014

Nestled in an exclusive gated community on the sand, this fully remodeled, ocean front compound offers the ultimate privacy. Entertain and enjoy dining al fresco in the courtyard, or catch the sunset on the expansive ocean front deck spanning 50 ft. Walls of glass line the westward facing walls of the home offering breathtaking panoramic ocean views throughout. Master retreat boasts balcony & his/hers separate wings w/ oversized closets/bathrooms. The luxury of ocean front living awaits!

3006 Sandy Ln, Del Mar, CA 92014

3006 Sandy Ln, Del Mar, CA 92014

3006 Sandy Ln, Del Mar, CA 92014

3006 Sandy Ln, Del Mar, CA 92014

3006 Sandy Ln, Del Mar, CA 92014

3006 Sandy Ln, Del Mar, CA 92014

3006 Sandy Ln, Del Mar, CA 92014

3006 Sandy Ln, Del Mar, CA 92014



Today's Real Estate News 

It’s in the Numbers: Luck and Superstition Sell Luxury Real Estate

By Anne Machalinsk
Mansion Globall

Superstition plays a surprising role in the world of real estate. The Baccarat Hotel and Residences in New York uses the 13th floor as mechanical level, keeping guest suites below and apartments above.

Last week, a Chinese developer bought an office building in Sydney’s Central Business District for an auspicious price: A$88,888,888. Because the number 8 is considered lucky in Chinese culture (it’s pronounced “ba” in Chinese and is similar to the Chinese word “fa,” which means prosperous), this comes as no surprise to real estate insiders who frequently work with Asian buyers in locations around the world.

“Eight is definitely a very popular number,” said Gaby Rogers, associate director of sales at Colliers International in Sydney.


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The number’s popularity figures prominently in real estate, both as a way that buyers can show that they really like a property when making an offer, but also in other ways, like in the street address, unit number or building floor count, she said.

Jamie Mi, an international relationship executive at real estate agency Kay & Burton, who works with foreign buyers purchasing luxury property in Melbourne, Australia, said that the number 8 is typically considered lucky by people from southern Chinese cities like Hong Kong, Fuzhou and Guangzhou, as well as some buyers from Japan, Singapore and Malaysia.

When 8 is part of an address, it can be really appealing to these buyers, she said. One example of this is a building at 88 Alfred St. in Sydney, which agents at Colliers International sold in a few hours.

“People were scrambling to get in there,” Ms. Rogers said, noting that 80 percent of the buyers were Chinese. The negotiations played out with a lot of 8s in them, too, with one of the penthouses closing for A$6.38 million, after Ms. Rogers’ client said he “needed an 8 in the final price.”

A building with a floor number with an 8 might also appeal, Ms. Mi said, whether that’s the floor that someone lives on or the number of stories in a building.

 A search on the Council on Tall Buildings and Urban Habitat Skyscraper Center databasereveals that developers from Kuala Lumpur to Beijing to Dubai are raising or have completed residential and mixed use structures that have 88 or 108 or even 128 floors—and, in some cases, a height in meters that ends in 8, too.

On the other end of that spectrum, 4, which is pronounced “si,” a word synonymous with death in Chinese culture, can have the opposite effect. Ms. Rogers said that she’s seen developers adjust their plans based on this superstition, as was the case in the Stamford Residences at 171 Gloucester St. in Sydney sold back in 2010. “That was the first time that I’d seen a developer pull out all of the fours, completely,” she said, noting that there was no floor 4, 14, 24 or any units with a 4 in them.

Ansel Kim, with L.A.-based real estate firm The Agency, said he’s had multiple deals fall through because of an unlucky number, in one case not because of the number itself, but because the digits in the unit number—553—added up to 13. That buyer was Korean, Mr. Kim said, and backed out of an all-cash deal once she made this realization.

There are other ways that 13, generally considered unlucky in the United States and a number of other places, is taken out of buildings or real estate decisions entirely. Many new buildings still skip the 13th floor, experts say, like the Baccarat Hotel & Residences in Midtown Manhattan, which has hotel rooms through the 12th floor, a mechanical floor on 13, and starts with apartments on 18. The 76-floor New York by Gehry residential building at 8 Spruce St. doesn’t have a 13th floor at all. City planners even sometimes opt to leave 13 out of street names, as is the case in Santa Monica, California, where there’s a 2nd through 26th Street, but no 13th Street, which is instead named Euclid.

While 8, 4 and 13 are most often the “lucky” and “unlucky” numbers that impact real estate, experts note that in some other cultures, different numbers can also carry a special meaning.

Shelly Shmelzer, the director of sales and marketing for Eastern Europe at Sotheby’s International Realty, who’s based in Tel Aviv, said that because 18 in Jewish culture is associated with “chai,” the Hebrew word meaning “life” or “alive,” it’s considered lucky in that culture. As a result, she’s seen Israeli buyers request to sign a property contract on the 18th day of the month.

She’s also seen a preference for the number 7 by Russian buyers, as 7 symbolizes the seven days of world creation, she said. But, at the end of the day, “most of these buyers aren’t very superstitious,” she said, “and are rather just looking for a good deal.”
On this note, many people, including plenty of Chinese buyers, don’t consider these things at all when making real estate decisions. Ms. Rogers thinks the focus on lucky and unlucky numbers may be temporary.

“Because the Chinese buying power has been so huge over the last couple of years, numbers have been really important,” she said. But with China clamping down on outgoing funds, that that might change, she said. “If we had this interview in another two or three years, it might be quite a different story.”
         
Today's Top Three San Diego Luxury Estates
sandiegorealestateflashreport.com



Image result for san diego skyline art

The median home value in San Diego County is $516,200. San Diego County home values have gone up 5.2% over the past year and Zillow predicts they will rise 1.9% within the next year.         

The median home value in La Jolla is $1,685,000. La Jolla home values have gone up 6.1% over the past year and Zillow predicts they will rise 2.1% within the next year.

The median home value in Rancho Santa Fe is $2,727,800. Rancho Santa Fe home values have declined -0.5% over the past year and Zillow predicts they will rise 1.9% within the next year.

#1      2255 El Amigo Road, Del Mar, CA 92014 with 5 bedrooms, 5 baths, and 
4,023 sq.ft. is listed for sale at $3,995,000

2255 El Amigo Rd, Del Mar, CA 92014

This immaculate Del Mar Heights property provides stylish design appeal and effortless livability all in one! Featured in Luxe Interiors + Design Magazine, the showcase home offers a modern, east coast aesthetic thats drawn from the owner/designers years as a Nantucket resident and contemporary home store owner. Offering top-of-the-line fixtures & surfaces throughout, clean modern architecture, impeccable design and a fabulous coastal location, this home is sure to make someones dreams come true!

2255 El Amigo Rd, Del Mar, CA 92014

2255 El Amigo Rd, Del Mar, CA 92014

2255 El Amigo Rd, Del Mar, CA 92014

2255 El Amigo Rd, Del Mar, CA 92014

2255 El Amigo Rd, Del Mar, CA 92014

2255 El Amigo Rd, Del Mar, CA 92014

2255 El Amigo Rd, Del Mar, CA 92014


#2     6682 Las Arboledas, Rancho Santa Fe, CA 92067 with 6 bedrooms, 11 baths, and 14,503 sq.ft. is listed for sale at $8,750,000

6682 Las Arboledas, Rancho Santa Fe, CA 92067

Set behind gates on a long and private drive in Rancho Del Lago, one of Rancho Santa Fe's most coveted addresses, showcasing panoramic Southwest views on 5.2 luxurious hilltop acres. The main residence features floor to ceiling windows and doors that allow sunlight to bathe most rooms. Encompassing 6 luxurious bedroom suites with a private and sumptuous master suite with his and her custom fitted private baths and well-appointed dressing rooms along with commanding views.

6682 Las Arboledas, Rancho Santa Fe, CA 92067

6682 Las Arboledas, Rancho Santa Fe, CA 92067

6682 Las Arboledas, Rancho Santa Fe, CA 92067

6682 Las Arboledas, Rancho Santa Fe, CA 92067

6682 Las Arboledas, Rancho Santa Fe, CA 92067

6682 Las Arboledas, Rancho Santa Fe, CA 92067

6682 Las Arboledas, Rancho Santa Fe, CA 92067

6682 Las Arboledas, Rancho Santa Fe, CA 92067

#3       5749 Dolphin, La Jolla, CA 92037 with 4 bedrooms, 5 baths, and 3,008 sq.ft. 
is listed for sale at $3,199,995.

5749 Dolphin Pl, La Jolla, CA 92037

Elegant Spanish style villa perched above La Jolla's prestigious Bird Rock cove. This home boasts panoramic views of the ocean from almost every room. Beautiful great room with beamed ceilings, solid birch hardwood flooring, and large bay windows with breathtaking ocean views. Chef`s kitchen with custom European cabinetry, Viking, Monogram professional grade stainless appliances, wine cooler, and granite counters. Relax or entertain guests on the 500 sqft rooftop deck with stunning panoramic ocean views

5749 Dolphin Pl, La Jolla, CA 92037

5749 Dolphin Pl, La Jolla, CA 92037

5749 Dolphin Pl, La Jolla, CA 92037

5749 Dolphin Pl, La Jolla, CA 92037

5749 Dolphin Pl, La Jolla, CA 92037



Today's Top Three San Francisco Luxury Estates
sanfranciscorealestateupdates.com


The median home value in San Francisco is $1,104,000. San Francisco home values have gone up 0.6% over the past year and Zillow predicts they will fall -0.4% within the next year. 

The median home value in Sausalito is $1,203,400. Sausalito home values have gone up 6.6% over the past year and Zillow predicts they will rise 0.9% within the next year. 

The median home value in Tiburon is $2,360,800. Tiburon home values have gone up 2.6% over the past year and Zillow predicts they will fall -0.0% within the next year.



The median home value in Saratoga is $2,331,600. Saratoga home values have gone up 1.1% over the past year and Zillow predicts they will fall -1.1% within the next year.

#1      19571 Farwell Avenue, Saratoga, CA 95070 with 4 bedrooms, 6 baths, and 
5,882 sq.ft. is listed for sale at $4,800,000.

19571 Farwell Ave, Saratoga, CA 95070

Exceptional 12-year-new Estate*Level 1 Acre in Platinum Saratoga*MEHUS Custom Home Built Without Compromise 2004*Elegant Main Manor + 3 Permitted Outbuildings including a Separate 2-Bdrm Guest House + 2 Detached Multi-Purpose Buildings (Workshop -Studios- Garages)**ALL structures include Central Air, Heat and Plumbing**Garages for 6 Cars + Gated Hidden Parking for Dozens More**Private and Serene**Top-of-the-Line Amenities Throughout**Walnut and Limestone Floors*Exquisite Detailing and Craftsmanship*FutureSmart Systems**The Ultimate Gourmet Kitchen*Beautiful Master Suite w Marble Bath + 2 walk-in closets*Paneled Library**Free Form Pool and Spa**Beautiful Fireplaces*15' Ceilings*Expansive Flagstone Patios, Courtyard & Curving Stone Drive**Multiple Lovely Gardens and  Heritage Trees**Orchard**The Enclosed Square Footage of the 4 Structures (w Greenhouse) Totals 6,700sf**Top Saratoga Schools**Must see the appreciate the beauty and sanctuary of this exceptional property

19571 Farwell Ave, Saratoga, CA 95070

19571 Farwell Ave, Saratoga, CA 95070

19571 Farwell Ave, Saratoga, CA 95070

19571 Farwell Ave, Saratoga, CA 95070

19571 Farwell Ave, Saratoga, CA 95070

19571 Farwell Ave, Saratoga, CA 95070



19571 Farwell Ave, Saratoga, CA 95070

#2      2572 Greenwich Street, San Francisco-Cow Hollow, CA 94123 with 4 bedrooms, 4 baths, and 4,221 sq.ft. is listed for sale at $6,550,000.

2572 Greenwich St, San Francisco, CA 94123

Beautifully executed, stylish and well-designed home, situated on a tree-lined flat block in Cow Hollow close to Chestnut and Union streets. Enjoy unobstructed views of the Bay and Tiburon through the gracious living room to the dining area and into the open plan kitchen, family area and terrace. Upstairs are three bedrooms and two and one half bathrooms, including a wonderful master suite with a walk-out view deck. The lower level family room has soaring ceilings, a bar and French doors out to the level yard. Great ceiling height and windows on three sides make for an incredible volume of livable space throughout the property. Remodeled for intuitive, stylish and modern living, we invite you to m ake this magnificent house your home

2572 Greenwich St, San Francisco, CA 94123

2572 Greenwich St, San Francisco, CA 94123

2572 Greenwich St, San Francisco, CA 94123

2572 Greenwich St, San Francisco, CA 94123

2572 Greenwich St, San Francisco, CA 94123


2572 Greenwich St, San Francisco, CA 94123


#3     1879 Funston Avenue, San Francisco-Golden Gates Heights with 4 bedrooms, 
5 baths, and 4,810 sq.ft. is listed for sale at $2,995,000.

1879 Funston Ave, San Francisco, CA 94116

Shangri-La in the Sunset-All 4 levels with ocean views. Exquisitely remodeled GG Heights contemporary home of 4,800+ Sq.Ft. Ideal for a family who is looking for 4 bed/2bath on the top floor w/ith additional guest suite, full bath & office on the lowermost floor! Top floor also features master bedroom with master bath, walk-in closet and laundry room. Spacious living room w/ fireplace and dining room facing the Panoramic Ocean view on the main level. Lower level offers an entrainment area w/ fireplace, wet bar, children's play space, exercise area, and sauna w/ attached full bath. 2 fireplaces, a 2 car garage, and top of the line Viking appliances.

1879 Funston Ave, San Francisco, CA 94116


1879 Funston Ave, San Francisco, CA 94116

1879 Funston Ave, San Francisco, CA 94116

1879 Funston Ave, San Francisco, CA 94116

1879 Funston Ave, San Francisco, CA 94116




Today's Top Three LA Luxury Estate
larealestateupdates.blogspot.com



The median home value in Los Angeles County is $532,800. Los Angeles County home values have gone up 6.3% over the past year and Zillow predicts they will rise 0.9% within the next year

The median home value in Malibu is $2,500,600. Malibu home values have declined -0.8% over the past year and Zillow predicts they will fall -0.7% within the next year.

The median home value in Beverly Hills is $2,998,500. Beverly Hills home values have gone up 4.7% over the past year and Zillow predicts they will rise 0.2% within the next year.


The median home value in Bel Air is $3,118,800. Bel Air home values have gone up 3.8% over the past year and Zillow predicts they will rise 0.7% within the next year.

#1     1116 Linda Flora Drive, Bel Air, CA 90049 with 5 bedrooms, 6 baths, and 
5,290 sq.ft. is listed for sale at $8,499,000.

1116 Linda Flora Dr, Los Angeles, CA 90049

Designed by renowned architect Walter Scott Perry in the classic modern Bauhaus tradition, this newly remodeled, 5 bedroom & 6 bathroom contemporary home is sited on a serene, half-acre knoll in Bel Air with sweeping unobstructed views of The Getty, Santa Monica, Catalina and Bel Air canyons.All interior and exterior spaces throughout the home have been thoughtfully transformed, incorporating the finest of timeless materials and finishes, while colors are used to great visual effect, beautifully enhancing the contemporary ambiance and impressive scale of the home by extending the interior outward and the exteriors inward.Rich in exquisite architectural detailing, the home overlooks resort-like grounds to present a secluded, tranquil environment perfect for entertaining and enjoying the outdoor amenities. All the while,resting in comfort and ease as this California Beauty sits atop 23 caissons!

1116 Linda Flora Dr, Los Angeles, CA 90049

1116 Linda Flora Dr, Los Angeles, CA 90049

1116 Linda Flora Dr, Los Angeles, CA 90049

1116 Linda Flora Dr, Los Angeles, CA 90049

1116 Linda Flora Dr, Los Angeles, CA 90049


#2     457 Rockingham Avenue, Brentwood, CA 90049 with 7 bedrooms, 8 baths, and 12,003 sq.ft. is listed for sale at $17,500,000.

457 N Rockingham Ave, Los Angeles, CA 90049

Tucked behind private gates and hedges, a magnificent estate in Brentwood Park offers unparalleled elegance and comfort. A refined foyer opens to exquisite interiors featuring soaring ceilings, oak floors, wainscoting and French doors. Main level spaces have canyon 
views and include a great room and formal dining room with double fireplace, sitting room, office and playroom, all seamlessly integrated with sliding pocket doors. Chef's kitchen includes eat-in island, butler's pantry and deco wet bar. Upstairs features open mezzanine with spacious bedrooms boasting walk-in closets and newly upgraded bathrooms. Master suite features sitting room, dual baths, dressing rooms and terrace. Backyard boasts two tiers of entertaining space including deck with lounge seating, pool, spa, and cabana with sitting area and both indoor and outdoor showers. Additional features include a guest apt., gym, screening room, billiards room, wine cellar, designer light fixtures and Wolf and Miele appliances.

457 N Rockingham Ave, Los Angeles, CA 90049

457 N Rockingham Ave, Los Angeles, CA 90049

457 N Rockingham Ave, Los Angeles, CA 90049

457 N Rockingham Ave, Los Angeles, CA 90049

457 N Rockingham Ave, Los Angeles, CA 90049

457 N Rockingham Ave, Los Angeles, CA 90049


#3      1140 Brooklawn Drive, Bel Air, CA 90077 with 3 bedrooms, 4 baths, and 
3,743 sq.ft. is listed for dale at #3,895,000

1140 Brooklawn Dr, Los Angeles, CA 90077

Unbelievable value and opportunity to live in Holmby Hills in this exceptional gated family estate with a classic design and mid century flair. From the moment you enter you are met with vast living spaces, Great Room with soaring ceilings and walls of windows that wash the home with natural light and lead to an entertainers private garden patio. Wonderful formal dining room and a large eat in kitchen with fireplace. There are 2 bedrooms down including the master suite with a sumptuous custom designed master bathroom and huge walk-in closet. There is a second floor with a guest room or could be a private office. Enjoy luxury living at its best!

1140 Brooklawn Dr, Los Angeles, CA 90077

1140 Brooklawn Dr, Los Angeles, CA 90077

1140 Brooklawn Dr, Los Angeles, CA 90077

1140 Brooklawn Dr, Los Angeles, CA 90077

1140 Brooklawn Dr, Los Angeles, CA 90077

Today Top Three Seattle Luxury Estates
seattleluxuryrealestateupdates.com


The median home value in Kirkland is $576,800. Kirkland home values have gone up 14.6%  over the past year and Zillow predicts they will rise 7.1% within the next year. 

The median home value in Seattle is $592,200. Seattle home values have gone up 15.3% over the past year and Zillow predicts they will rise 6.9% within the next year. 

The median home value in Bellevue is $730,000. Bellevue home values have gone up 13.6% over the past year and Zillow predicts they will rise 5.9% within the next year.

The median home value in Mercer Island is $1,240,400. Mercer Island home values have gone up 12.2% over the past year and Zillow predicts they will rise 6.4% within the next year.

The median home value in Clyde Hill is $2,200,500. Clyde Hill home values have gone up 10.1% over the past year and Zillow predicts they will rise 5.5% within the next year. 


The median home value in Medina is $2,389,900. Medina home values have gone up 12.8% over the past year and Zillow predicts they will rise 5.1% within the next year.


#1     1818 77th Avenue NE, Medina, WA 98039 with 7 bedrooms, 9 baths, and 6,838 sq.ft. is listed for sale at $7,160,000.

1818 77 T H Ave Ne, Medina, WA 98039

Welcome to this exquisite home in the heart of Media off 2nd fairway of Overlake Golf and  Country Club. One of the best properties off 77th Ave NE, Enjoy the breathtaking & serene views of the golf course & the city, Soaring ceilings with brilliant open floor plan and  design, functional 2nd kitchen off the main gourmet kitchen, double entry, 7 ensuite bedrooms with luxurious main floor guest master suite, media room, Elevator, sauna, covered outdoor eating, Expensive Nana style wall system. Superb!

1818 77 T H Ave Ne, Medina, WA 98039

1818 77 T H Ave Ne, Medina, WA 98039

1818 77 T H Ave Ne, Medina, WA 98039

1818 77 T H Ave Ne, Medina, WA 98039

1818 77 T H Ave Ne, Medina, WA 98039

1818 77 T H Ave Ne, Medina, WA 98039


#2       166 Boundary Lane NW Seattle, WA 98177 with 8 bedrooms, 8 baths 
and 11,240 sq.ft. is now reduced from $7,200,000 to $5,800,000.

166 Boundary Ln Nw, Seattle, WA 98177

Pedigree and Provenance in The Highlands. Considered among Elizabeth Ayer's most distinguished commissions, Chapel Lane is a truly iconic estate. Over 11,000 sq ft, 8 BRs and two generations of exquisitely evolved interiors by Parish Hadley, representing an unprecedented culmination of design and craftsmanship set amidst 4 Acres of spectacular natural splendor. Chapel Lane stands as a testament to a legacy and presence that can only evolve through years of passionate and dedicated stewardship.

166 Boundary Ln Nw, Seattle, WA 98177

166 Boundary Ln Nw, Seattle, WA 98177

166 Boundary Ln Nw, Seattle, WA 98177

166 Boundary Ln Nw, Seattle, WA 98177

166 Boundary Ln Nw, Seattle, WA 98177

166 Boundary Ln Nw, Seattle, WA 98177

166 Boundary Ln Nw, Seattle, WA 98177

166 Boundary Ln Nw, Seattle, WA 98177


166 Boundary Ln Nw, Seattle, WA 98177

.

#3    9723 NE 13th Street, Clyde Hills, WA 98004 with 5 bedrooms, 6 baths, and 
5,545 sq.ft. is listed for sale at $3,478,000
.
9723 NE 13th St, Clyde Hill, WA

Located in quiet Clyde Hill and close to downtown Bellevue with magnificent Mt. Rainier and city views. Open-circular floor plan with guest suite and office in main, master and 3 bedrooms plus media upper. Total 4 bedrooms suites and the 5th has its own bath. Exquisite finishes and appliances. Wall of retractable glass doors to covered outdoor living featuring BBQ and fireplace: cozy and peaceful. Built in audio and central vac. $80k+ window treatments Excellent Schools nearby. Truly a BEAUTY!

9723 NE 13th St, Clyde Hill, WA

9723 NE 13th St, Clyde Hill, WA

9723 NE 13th St, Clyde Hill, WA



9723 NE 13th St, Clyde Hill, WA



9723 NE 13th St, Clyde Hill, WA

Today's Mortgage Rates                                                                     12 month
ProductTodayYesterdayChangeLowHigh
30 Yr FRM3.53%3.52%+0.013.34%4.11%
15 Yr FRM2.85%2.84%+0.012.69%3.30%
FHA 30 Year Fixed3.35%3.35%--3.15%3.75%
Jumbo 30 Year Fixed3.68%3.67%+0.013.41%3.93%
5/1 Yr ARM2.90%2.91%-0.012.80%3.10%
Updated: 10/7/16 1:03 PM
Mortgage Rates Higher Despite Slower Job Growth
Oct 7 2016, 2:46PM

Mortgage Rates were modestly higher today, despite a weaker-than-expected Employment Situation (aka NFP, nonfarm payrolls, or simply "the jobs report").  NFP is the most important number on any given month in terms of market-moving economic data.  When NFP is lower than expected, rates tend to move lower.  Even though today's NFP didn't fall too terribly short of forecasts, rates nonetheless made a counterintuitive move higher, confirming the generally pessimistic attitude in the bond market at the moment.
The modest increase in rates means we continue to operate at the highest levels in more than 3 months.  Most lenders than had been quoting 3.375% on conventional 30yr fixed scenarios are now up to 3.5%.  Many have moved up from 3.5 to 3.625%.  

While there are some early signs that a ceiling could be forming, it doesn't make much sense to float in this environment.  That will continue to be the case until we see either a big push back toward lower rates, or an extended period (5-10 days at least) of stability at current levels.

Loan Originator Perspective


NFP was almost a non-event.  Big question now is where do we go from here?  December is not too far away (Fed rate hike expected), November is right around the corner (election, new President, new policy).  I personally think we are hitting a ceiling on rates prior to either of the two major events anticipated, and we should trade within a tight range.  That being said, I do not think rates will be improving much, barring an unforeseen major event, and advise locking all loans within a 30 day closing window.    -Gus Floropoulos, VP, The Federal Savings Bank

You know rates are swimming against the tide when NFP (the jobs report) disappoints (as it did today) and loan pricing still worsens.  As I mentioned earlier this week, the short term trend is not our friend now.  It's wonderful that we haven't had any days with overwhelming spikes, but since September 27th, rates have increased roughly .25%.  I'm still locking early, as I would hate to have an unlocked pipeline if/when the trickle to higher rates grows into a cascade.  Hope everyone on east coast stays safe!  -Ted Rood, Senior Originator

Today's Best-Execution Rates

  • 30YR FIXED - 3.5-3.625%
  • FHA/VA - 3.25%
  • 15 YEAR FIXED - 2.75-2.875%
  • 5 YEAR ARMS -  2.75 - 3.25% depending on the lender

Ongoing Lock/Float Considerations

  • In the biggest of pictures, "global growth concerns" remain the driving force behind the long-term trend toward lower rates
  • Amid that trend, periodic corrections toward higher rates can and will happen.  These can happen for no apparent reason, or they can be brought on by changes in expectations surrounding central bank policy at home and abroad, as well as geopolitical and systemic risks
  • Time horizon and risk tolerance are 2 variables to consider when it comes to locking.  If you have plenty of time and don't mind losing some ground, set a limit as to how much higher rates could go before you'd lock to avoid further losses, and then float in the hopes of never seeing that limit.
     
  • In the shorter-term, it's always good to look for lock opportunities after rates have been moving lower or sideways repeatedly, especially if they've since begun to move back up in any sort of consistent way.
     
  • As always, please keep in mind that the rates discussed generally refer to what we've termed 'best-execution(that is, the most frequently quoted, conforming, conventional 30yr fixed rate for top tier borrowers, based not only on the outright price, but also 'bang-for-the-buck.'  Generally speaking, our best-execution rate tends to connote no origination or discount points--though this can vary--and tends to predict Freddie Mac's weekly survey with high accuracy.  It's safe to assume that our best-ex rate is the more timely and accurate of the two due to Freddie's once-a-week polling method). 
      Thanks for reading today's Blog. Looking for more information?  Have a comment? Call or email me.  Most importantly, have a great day!

      Tom Furino